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State about the Other interest rates
There are many other interest rates in a society. For example, you will earn interest when you deposit money in a bank account and you will pay interest when you borrow money. These interest rates will depend on the specifics of the deposit and the perceived risk when you borrow money. However, all interest rates are correlated with the market interest rates. When you borrow money, you typically pay a higher interest rate compared to government bonds, and when you lend money, you will receive a lower rate.
Privatization is the move of ownership from the public sector (government) to the private sector (business).
Description of Inflation in detail Inflation is the rate at which average price level of services and goods rises in a given time period. In UK the Office for National Statist
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